Monday, December 10, 2018

SMHC tackles gov’t comments on proposed Bulacan airport – Tugade

Aug 30, 2018 @ 4:18

The San Miguel Holdings Corp. (SMHC) is already evaluating some inputs of government, particularly the National Economic Development Authority and Department of Finance, on its proposed Bulacan airport project, Transportation Secretary Arthur Tugade said.

At Wednesday’s Senate hearing on the recent Xiamen Airways accident at the Ninoy Aquino International Airport, Tugade gave the latest update on the Bulacan airport project as he enumerated government measures intended to decongest NAIA.

“The unsolicited proposal from the San Miguel Holdings Corp. was approved by the NEDA Board last April 25, subject to resolution of pending issues, including a submission of ‘Joint and Several Liability’ agreement by SMCH and its parent company,” Tugade said.

“After submitting the revised Concession Agreement, along with the Risk Allocation Matrix, the NEDA and (DOF) submitted their comments last Aug. 9, and are now under consideration of SMHC,” he continued.

After which, Tugade said his agency “will commence negotiations with SMHC to finalize the draft Concession Agreement and submit the same to NEDA ICC (Investment Coordination Committee), and finally begin the Swiss Challenge process.”

According to Tugade, the SMCH proposal includes the building of four parallel runways and a passenger terminal that can accommodate 100 million passengers per year.

The NAIA, the country’s main airport, was partially paralyzed on Aug. 16-18 after a Xiamen Airways plane skidded off and got stuck at the runway. Hundreds of flights were either cancelled or diverted, affecting tens of thousands of passengers.(END)

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